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right back. the tax man and ways and means committee chairman dave camp. congressman mike turner joins us next. ceo and chairman richard smith joins us tonight. mine was earned in korea in 1953. afghanistan, in 209. orbiting the moon in 1971. [ male anuncer ] once it's earned, us auto insurance is often handed down from generation generaton. because it offers a superior evel of protecon. and because usaa'commitment to serve current and former military members andheir families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to see. coach calls her a team player. she's ind of special. she makes the whole team better. he's the kind of player that puts the puck, horsehide, bullet. right where it needs to be. coach calls itogistics. he's a great passer. dependable. a winning team has to have one. somebody you can count on. somebody like my dad. this is my dad. somebody like my mom. my grandfather. i'm very pround of him. them. which will cause me to miss the end of the game. the x1 entertainment operating system lets your watch live tv anywhere
back. stay with us. thinking up game-changing ideas, ke this: dozens of tax free zones across new york state. move here. expand here. start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax fr plan. there's on one way for yo business to go. . lou: all day, fox business has been focused on the business of boomer retirement. a survey shows it is out of reach for far too many americans, 58% of workers, age 60 and older have to put off their retirement. mostly because of financial reasons, good news that down from a pike of 66 percent in 2020. new fed chair yellen testifying before senate banking committee told them central bank would probably continue to taper while trying to figure out how much research weakness in the economy is because of the see winter weather, market, responding %-posting a new record high,&p. joining us now. chief economist from moody's capital, john lonski, janet yellen seems to have slid into her well rarefied chair, is doing brilliantly it seems. >> i think she is doing very well. market likes her, up 1% for year
money," it is tax time. are you paying too much or more so the rich can get the breaks? >> christine romans and "your money" starts right now. >> swiss bankers under fire for helping clients evade the irs. i'm christine romans. this is "your money." maybe the 1% really are under attack. this week, top executives from credit suisse hauled before a senate committee. they blamed rogue bankers for helping hide $12 billion from uncle sam. some bank employees are pushing back saying tax evasion was a business strategy. not helping credit suisse, but the top brass will not reveal the rich, secret american clients. >> the banking secrecy probation prohibits us from furnishing any client names. >> any real idea that the government of switzerland is cooperating with us is a joke, right? if we get 22 names. >> it is not just credit suisse, but 13 other banks for helping clients evade taxes. what about evading taxes the old fashion way through legal loopholes. house ways and means committee chairman revealed his reform plan. it would lower tax rates for everyone, but impose a surch
-cnging ideas, dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay noaxes for 10 yea. with new js, new opportunities and a new tax free plan. there's only one way for your business to go. up. find o if your business can qualify at start-upny.com ask what it's like to get your best night's sleep every night. [announcer] why not talk to someone who's sleeping on the most highly rommended bed in america? ask me about my tempur-pedic. ask me how fast i fall asleep. ask me about sying temasleep.ic. [than owners of any traditional armattress brand.d tempur-pedic. the most highly recommended bed in america. now sleep cooler with extra oling comfort on our bestselling tempur-breeze beds. visit tempurpedic.com to learn more, and find a retailer near you. nrun your entntire business with all-new inquickbooks.ooks. get paid however you want with it get real work done wherever with it. say "buh-bye" to the old wayw. run payroll with your fier with it. sync this stuff with that stuff and that stuff, with it. maintain your sanity with quickbooks.
in the targeting of conservative groups seeking tax exempt status. this after the inspector general found 298 applications had been singled out for special review including 100% of groups with tea party or patriot in their name, but only 30% of groups with progress or progressive. now republican congressman darrell issa, chair of the powerful house oversight committee wantslern s lerner to testify again wednesday. chairman issa, welcome back. >> thanks for covering what we believe is going to be a good fact finding hearing. >> well, let's talk about that. because when you recalled lois lerner under subpoena to testify again this coming wednesday, her lawyers said you you can call her, but she won't testify or answer any questions, continue to at that time fifttaat that t. >> her attorney indicates how that she will testify. we've been back and forth negotiation. wi believe the evidence we've gathered causes her in her best interests to testify. >> so lowislerner who took the fifth last may will testify before your committee? >> according to her attorney. >> this will be on wednesday? >> it wi
to close a tax loophole and wall street is fighting back. >>> plus, spike lee fired up, the film director unleashing a seven minute rant about race and real estate. the man who sparked the tirade. >>> breaking news out of arizona. the government expected to make a major announcement about the controversial bill that critics call anti-gay. let's go "outfront." >>> breaking news. much anticipated announcement from the arizona governor's office tonight. governor jan brewer will speak in this hour about the controversial religious freedom bill as it's called that's been sitting on her desk. it would allow businesses to refuse service to gays in the name of god. we've been following that story from phoenix. miguel, what's the reaction from people you're talking to tonight? >> reporter: the reaction is that the governor has now decided to make a statement in 45 minutes, 7:45 eastern time governor brewer will in her office make a statement regarding sb 1062. we have every expectation, as we have for a couple of days now, that she will veto that bill. the pressure from not only gay and lesbian ri
in america. he'll tell us where that is coming up. >> also, tax season is upon us. up next, john harwood explains why the income tax as we know it could be ancient history in 25 years. i hope he's right. aflac. ♪ aflac, aflac, aflac! ♪ [ both sigh ] ♪ ugh! ♪ you told me he was good, dude. yeah he stinks at golf. but he was great at getting my claim paid fast. how fast? mine got paid in 4 days. wow. that's awesome. is that legal? big fat no. [ male announcer ] find out how fast aflac can pay you at aflac.com. easy-to-use platform. no, thank you. we know you're always looking for the best fill price. and walk limit automatically tries to find it for you. just set your start and end price. and let it do its thing. wow, more fan mail. my uncle wanted to say thanks for idea hub. he loves how he can click on it and get specific actionable trade ideas with their probabilities throughout the day. [ male announcer ] open an account and get a $150 amazon.com gift card. call 1-888-330-3136 now. optionsxpress by charles schwab. >>> welcome back. as we celebrate cnbc's 25th anniversary, we're
. the majority of the accounts weren't reported for tax purposes to the irs. and the fed wants more information from troubled bitcoin exchange mt. gox, the "wall street journal" saying mt. gox received a subpoena from federal prosecutors in new york last month to preserve certain documents once the world's biggest bitcoin exchange mt. dpox has gone offline. the business is at a turning point, there's a lot of worry the entire business may be bankrupt and gone forever. the controversy surrounding mt. gox putting a lot of pressure on bitcoin prices, $597.75 is where things are trading now. that was a stock, almost like a stock, it's not a real currency sorry to say, joe. >> now you tell us. >> now. >> now you tell us. >> i am not a bitcoin fan. i believe electronic currency of some sort may flourish in some way. i don't know if bitcoin is the way. >> i thought you were a bitcoin advocate. if now your' saying -- >> i'm fascinated by the conversation around bitcoin. >> you know i'm needling you because you have talked about it a lot. i hope no one mistook what you were saying for like an endorsemen
direction: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protecon. and because usaa'commitment to serve current and former military members andheir families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. >> our mayor is a great guy, he's an excellent mayor. this is eric garcetti meeting some supporters. and there is you. [laughter] >> eric garcetti holding someone's baby, there is rob for the holding someone's baby. neil: not only is the toronto mayor popular there, but here as well. he's popular in toronto. his poll
, and the highway bill. not on the list is the legislative dream of both parties, tax reform. the republican version will be officially unveiled tomorrow by the chairman of the house ways and means committee, but the leaders of both parties in the senate held out no hope for getting tax reform done this year. joining me now is msnbc policy ammi analyst ezra klein and david corn, washington bureau chief for mother jones. it looked to me like john boehner had exactly one thing on his mind when he left the white house. i've got to go out on the house floor and prove to my fellow republicans that i am still one of them, even though i was in the room with that guy for about an hour. >> i thought you were going to say golf. i'm glad the guys are talking, but i think we've come to really complete paralysis here in washington. and not surprisingly, i kblam the republicans for much of that. whether it's immigration reform, tax reform, here's some of the things of substance. both parties now are figuring out what to do in terms of having something to talk about for the midterm elections this coming november.
fresh voices, fcused on results. >> including omeone open to raising can taxes cutting taxes. what would ralph wat to see? >> all opinions in the area. let them compete. thing off the table. i put 18 areas on people's minds that were taken off the table in 2008. and still have them on the website. these are issues on people's minds. they were taken off the table -- >> you're dead right about that. both parties drop theball on the big issue. let me ask you about what i hear from business guys on left and the rit about why they don't try politics. they said it is not worth the media scrutiny or tearing down -- you experience that for yourself running for president. in the public spotlight. you are doing what you do. i can understand why the hell with it. >> most of them will. michael could buy the white house. it's smaller than his house. >> that's true. they don't have to dial for dollars. they don't to be ad hoc to commercial interest. they run for the conscience. d most of them are pretty narcissistic. and don't care. all you need is a few enlightened ones. i call it -- we always take
look at 501 c 3s. they are allowed to do it. all of these are tax deductibles. here are the unions they are allowed to do it all. this the is present administration trying to stifle the voices. this isn't just about republicans opposed to. this aclu opposed to this and also the syria club. because this is what the new proposal would be. stifle the a 01 c 4s. >> what's the difference between 501 c 4 and 501 c 3. >> this is tax deductible. this is charitable these are syria club. these are your volunteer firefighters. these are the individual groups going through. and you know what? the comment period ends tomorrow it. they have gotten 69,000 comments on on sierra opposed. aclu. he keystone had 700 comments. they never had these comments mostly all opposed. >> what republicans say is it is designed to shut down the tea party groups but it applies equally to liberal groups and conservative and tea party groups, right? >> i don't care who it goes after, it's wrong. it's government trying to shut your voice down. remember what the first amendment says. >> why would the administration wa
spent. i was just doing a tally here, chuck, and we've got in fuel vehicle taxes, $85.5 billion a year. revenue just from toll roads that the state is addressing the same problems amounts to $12 billion a year. we have property taxes and assessments that go to fixing our roads and bridges, to the tune of $10 billion a year. and i could go on with the additional taxes of $14.5 billion. the oil company taxes combine now north of $65 billion, much of were supposed to be earmarked to just this sort of thing. so i'm all for fixing our roads and bridges. i just wonder what the hell happened to all that money to do just that? >> i think the infrastructure is getting older every single year and i think there's a lot of money going toward infrastructure, but i never think we could spend enough on the infrastructure because it actually puts people back to work. >> wait a minute, i've added all those up, it's $125 billion and then some. >> right. >> if that isn't enough to deal with this infrastructure, then we're using either gold or we're paying these guys a thousand dollars an hour. but that s
: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's ly one way for your business go. up. find out if your busess can qualify at start-upny.com but when we sta worrying about tomorrow, we miss out on what matters today. ♪ at axa, we offer advice a help you break down your retirement goals into small, manageable steps. ecause when you plan for tomorrow, it helps you live for today. can we help you take a small ste for advice, retirement, and life insurance, connect with axa. lou: a powerful winter storm, shutting down washington dc along the eastern seaboard. the snowplows are doing their jobs. nevada had to be a thrill and according to one data company, but daiquiri number almost $6 billion because of the added expense and missed work days. joining us now is the "a-team." fred barnes, both a fox news contributor and let's go to "the washington post." because i think by any standard, at least online. president obama's foreign policy is
early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com if you have a buness idea, we have a personalized legal solution that's right for you. with easy step-by-step guidance, we're here to help you turn your dream into a reali. start your business today with legalzoom. lou: a least one place the united states and russia get along. aboard the international space station the ukraine crisis has little effect on the one american and two cosmonauts one is caribbean does -- scheduled to depart on monday. charles -- saying right now everything is nominal with our relationship with the russian speaking only in terms of the space agency. tom jones says it is important not to keep it a political issues. >> what they lack is the control software we use 2. and never and controlled the station so t
," a capitol hill heavyweight tells nancy cordes about his new plan to revolutionize the tax code. >>> plus dr. david agus with the controversy over fertility treatment. does it go too far to stop birth defects? >>> we begin with this morning's "eye-opener," your world in 90 seconds. >> we saw the news that the storm was coming so we went down to the city yard to pick up sandbags. >> the west coast braces for a washout. southern californiaens loading up on supplies ahead two of pacific storms. >> many people worried about mudslides. >> water comes over, it looks like niagra falls. >> dropping temperatures from the midwest to the east, 20 to 30 degrees below normal. >> adding to the cold-weather problems, ice jams. >> you look at it and it's mass destruction. can't stop the ice. >> jan brewer won't say if she'll veto a controversial bill that allows arizona businesses to deny service to gays and lesbians. >> there's a lot of things we can bring into the state, and this just doesn't help at all in any of those. >> general motors links more deaths to a faulty ignition switch,
, there are talks about tax credits, there are talks about reducing the number on medicaid but allowing home to have vouchers so it depends on which alternative you're talking about. >> sure you'll talk much more about this later. jake tapper, many thanks. >> thank you. >>> other top stories we're following at 32 minutes past the hour, in arizona gay rights protesters say they will rally through the night as they call on the governor to veto a bill that is drawing national criticism. some lawmakers who voted for the bill proclaiming it protects religious rights. they are now seeking a veto citing new concerns over discrimination. >>> in the debate, yes, i heard all that but in the debate you hear arguments every day about this one is wrong, that one is wrong, and believed that kind of fit into my position that now when i look back on it, you know, they were right in what they were saying. i have friends in the democrat caucus that were warning me. but, you know, that was only the democratic caucus saying something, no one came to me before hand. >> so you actually believe looking at it now that it
in tax revenue to the state. what do you say? legalize week nationwide for recreational use? yes or no? >> i would say no. there is a desire on the part of government illegalize it and anything compact and bring in some cash. stuart: $100 million. >> i would say no. it gives us amen, the availability for a -- particularly in colorado here in the placement of machines so government money can be used easily to buy marijuana in certain situations as we saw recently. that makes it easier. there's a transfer. if it were ten miles away. probably still happen. in terms of legalization i think not until we understand how to actually test it. we have seen accidents with vehicles involving marijuana up 300% in the last decade. i need to be convincee that that would be a great idea for the future and the children. stuart: it was great to have you on the show. ou have an opinion and express it well. thank you for appearing with us. >> an honor to be with you. you might pop in here again this week. stuart: don't make projections you are not able to fulfil. time is money. let's move this along. thre
not include all of excise taxes or increasing people up to age of 26 on your policies it looks at one thing, i want to point-out, they are getting rid of age differential, if you are older your premiums may be a little bit lower, but if you are younger, your premiums are skyrocketing, if you are health you, you pay for those who are sicker and older, that is an entitlement society, that is where we're headed. you don't think that young workers have enough on their backs without paying for someone who has been smoking their career, 50% increase for smoking is allowed in premiums, where i sit in the doctor's was on the, you get every disease imaginable, someone who is young, is paying for someone's lung cancer that is coming from smoking. lou: i find incredible, we're inverting a model, it was if yo@ are healthy and young you would pay a lower premium but not in the neverland of obamacare. the healthy you are the younger you are the more you are going to be paying for those who are older, who need greater care. what sense does that make? i understand the incentive for government to do it, but it
're hoping for 3% gdp growth this year. and any big spike in oil makes you think that's a tax on consumers and it's harder to get. the ten-year is helping, though. in terms of keeping the housing markets going below 2.7%. the euro stayed remarkably strong for europe. basically being on the front line for this situation here. we will, after hitting some new lows, stabilize. and then finally, fwoeld, i think, traded lower yesterday after having really a great quarter, at least two months. so it's down about $4 today at 1334. and china's leaders reaffirmed the growth target of 7.5% but signaled some concerns about reaching that target. eunice yoon joins us now. we're in a great big city this morning, eunice, tossing to you over there. we're feeling very -- i don't know. we're going to change the world. >> you are. i think that's how people here feel, as well. there were thousands of lawmakers that were gathering together in beijing to heir china's version of the state of the union. this is presented by the premier of the country and it's really the first time that investors got a chance to se
away from taxes, crime, whatever and went to suburbia. it followed them. they said, why are we spending three hours a day on the long island expressway? let's move back into these cities. so for me it's about people get displaced. where the black population of new york city has declined. the hispanic or puerto rican population of new york city has declined. and it's about having affordable housing so people, whoever they are, can live in new york city. and it's not just new york. d.c. used to be called chocolate city. chicago, they knocked down the cabrini green projects and now black people are stuck on the projects outside of chicago. >> sorry. isn't this something that has happened in every generation to all sorts of different groups? little italy in new york has gotten smaller as parts of chinatown have grown and other neighborhoods have grown. one an area that used to be predominantly jewish then changes over to another ethnic group. is it -- you don't see this as something -- >> no, but -- >> you think it's escalating? >> here's the difference, anderson. because those, they were m
're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com neil: enter steve blackwood he has seen first hand how ts health care law has become for his mom, who is battling cancer, and lost coverage due to opponent care. as of this morning something mirr act housely changed? >> well, as of this morning, i received a telephone call saying they they were going to cover her for the next year, we have not received tha in writing yet, if i say is drawing a larger problem it takes a op-ed, on a natiol newspaper, phone calls, just to get one drug covered for one year, how do we know that system is going to work well for those who d't get that kind of attention. neil: w many others who didn't have the access you did, and push you did, to get your grief published and seen on tv, how many are f
. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com i can download anything i want. [ girl ] seriously? that's a lot of music. seriously. that's insane. and it's 15 cks a month for the mily. seriously? that's a lot of gold rope. seriously, that's a signature look. you don't have a signature look, honey. ♪ that's a signature look. [ male announcer ] only at&t brings you beats music. unlimited downloads for up to 5 accounts and 10 devices all for $14.99 a month. ♪ >>> breaking news, in the custody battle for justina pelletier, the massachusetts department of children and services confirm they are working to get the 15-year-old girl back to her home state of connecticut. now, this news comes more than a year after she was taken away from her parents following a dispute with boston's children hospit
dave camp, the head of ways and means committee has done this week proposing tax reform to simplify the tax code, reduce rates, reduce the corporate rate from 35 to 25% is really the sort of thing we need to do to energize the participants in the u.s. economy. right now they're sitting on their hands. there is over a trillion, maybe $3 trillion in corporate assets not being deployed. there are $2 trillion in corporate assets parked overseas because they don't want to be taxed. the camp plan would cause most of that to come back to the united states and be deployed here. that is the sort of thing we should be doing. jenna: he announced his plan, if you will in the "wall street journal" yesterday in an article. i believe he will be speaking to neil cavuto later today. it will be interesting to hear from him. what do you think the prospects are? we heard tax reform before. what do you think really are the chances what he does actually turns into some change, real change? >> i think because of president obama's attitude towards taxes, there is very little prospect. you need a president
to a significant change but you have the anniversary of the payroll tax increase and the sequester not far away, there's hope that you'll get more economic activity translating into more consumer spending although we're not sure how that will play out because we have this potentially seminal in the way people shop. >> we had a big increase in the value of homes and macy's talks about how furniture was very strong. i mean, there are lots of people who are still putting money in homes. and that seems to be the trend that a lot of these retailers have been talking about. remember, target has a nice home business. people are spending on their homes. they are. >> now, target's q-1 profit view's a little below consennious aconsenn io consennsus, and they don't know what the data breach will cost them down the road. what is your game plan on target? >> i think the yield will hold it down. it's so funny do you know what we've got this interesting market that's the opposite of how skeptical we were coming in about retail. lowe's goes up yesterday on home deem poe doing well. low they give us a good numb
you imagine saying vote for me? i want to raise your taxes and force the anti-corruption austerity budget. the russians know they fall in their lap. >> the signals that are sent to russia russian defense ministers saying russia is now planning the permanent military presence outside russia's borders including vietnam, cuba, venezuela, ni caragua singapore and other countries and back in november secretary kerry said the monroe doctrine is dead. did he just waved the flag for russian expansionism? >> that is one of many that the administration has been waving. as clap to america the monroe doctrine is not popular and tell it is needed then they want to know where the united states is of central and south america are very worried about russian participation adventurism and a return of russian military shows that putin thinks he is achieving his objective to reestablish hegemony and he goes for world power status again. no doubt. lou: i don't know what status about obama of the secretary kerry suggested the united states was rejecting the monroe doctrine because it would concern our n
late. thinking up game-changing ideas, like this: dozens of tax free zones across new yk state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. ere's only one way for your business to go. . find out if your business can qualify at start-upny.com afghanistan, in 2009. orbiting the moon in 191. [ male announcer ] ce it's earnedusaa auto insurance is often handed down from generation to generion. because it offers a superi level of protecon. and because usaa'commitment to serve current nd former militarmembers andheir families is without equal. begin your legacy. get an auto insurance quote. usaa we know what it means to serve. stuart: a new play in the smart phone game, boeing planes all. design a new smart phone in won't find that your local best buy. the black phone designed for high level government security contractors won't be available to civilians. it has a built-in self-destruct feature that destroys all data, makes the phone and usable with anyone tampers with. where do you want to
in taxes. carl levin said the bank's actions were right out of a james bond field and helped them hide billions from the irs. currently their investigating credit suisse for offshore. >> is it reads like a spy novel. some of those monies into the bank vaults. >> i don't remember the bond film that was specifically about accounting. >>> irs commissioner john cosco will discuss about funds in the irs being aloe indicated including bonuses to employees. he's maintained that bonuses are needed to retain and attract good employees. the commission will also face questions about the agency's accused targeting of tea party groups. >>> president obama is taking his year of action message on the road today. he'll be in st. paul, minnesota, pitching the economic plan spelled out in his state of the union address. the president has been able to focus on transportation issues at st. paul's union depot. announcing new competition, encouraging investments to create jobs and restore infrastructure. >>> today, house democrats are set to kick off their efforts to raise the minimum wage. the president an
. of course you're going to lose your insurance. that's the design. >> our tax dollars are going to be bailing out the insurance industries. humana announced they're going to get $450 million. >> we're in the wrong business, all of us. coming up next -- >> everybody has got an obama phone. keep obama as president, you know? he gave us a phone. >> how did he give you a phone. >> if you sign up, if you're on social security, you got low income, you disability. >> so this president and his handouts like obama phones, responsible for our nation's growing entitlement culture? that's coming up next. minimize . support heart health. and your immune system. now there's new glucerna advance with three benefits in one. [ male announcer ] new glucerna advance. from the brand doctors recommend most. inuses are acting up new glucerna advance. and i've got this runny nose. i better take something. truth is, sudafed pe pressure and pain won't treat all of your symptoms. really? alka seltzer plus severe sinus fights your tough sinus symptoms plus your runny nose. oh what a relief it is so i got the new nokia
an economic renaissance, right? >> absolutely. if we just do a couple simple things -- we haven't had tax reform since 1986. it was before the internet got invented. we don't have a system that's competitive. immigration, that's a challenge. we need stem workers in this country to free up manufacturing. you have a bipartisan budget proposed. proposed. we put aside the shutdowns and debt ceilings and all that debate came off the table. those are small victories. >> joe ecchevaria. >> you said that differently. >> well, that's how other people say. >> coming up, mayor de blasio under fire. we'll talk to charter school founder eva moskowitz straight ahead. we'll be right back. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. millions have raised their hand for th
reports of taxes raised pr the sale of legal marijuana are in. we have the numbers. >>> thanks for joining us. so a major auto recall is expanding after the deaths have doubled. it involves i guess anything switches in 1.6 million general motors vehicles. and it is now link ed to 31 crashes and at least 13 deaths. that faulty switch can inadvertently turn off, which shuts down the engine and most electrical components including air bag systems needed in crashes. look at the models impacted. 2003-2007 saturn ion. 2006-2007 chevrolet hhr. they join the already recalled 2005-2007 chevrolet cobalt and sedans. . and the 2005-2007 pontiac pursuit sold in canada only. in a statement, gm's president said "ensuring our customers' safety is our first order of business. we're deeply sorry and we are working to address the issue as quickly as we can." gm will notify all customers at no charge. in the meantime, drivers should only use the ignition key with nothing else on the key ring. >>> the call to tee vooe toe a controversial bill is reaching a ground swell. it would allow businesses to deny servic
of the coin's value in taxes whether or not they sell the coins or not. it falls under a law it is taxable the year it is found. >> jim lang is the host of the dating game has died. >> welcome once again to "the dating game." we have our three eligible bachelors. here are the guys. >> dak in 1932 lang became the house of the dating game when it first debuted in 1965. he had 16 years as host of the show. he had a precharlie's angel farah fawcett on the show and young arnold schwarzenegger. he died on his home in california. he retired in 2005. he was 81 years old. fun to see those pictures. >>> waking up to windchills below zero. >> maria molina is tracking another storm. >> you are right. another storm system. this will be impacting people across the west coast and over the next several days and coming up on monday. this will be a widespread storm system. it feels like 23 degrees below zero and also in new york city. it will be in the great lakes and the northeast today. it will be cooler across parts of texas with highs in the 80s. by sunday much much colder. out west we have the drought
his plan to raise taxes on wealthy new yorkers to fund a universal prekindergarten program. >>> an injured bear is rescued at a california ski resort. this bear, you can see him right there. he was bleeding and wandering around the chair lift area. animal rescue animals worked with key patrols to did he tell him off the mountain and to a vet. he's expected to be just fine. glad to hear that. those are your headlines. poor little guy. >> let's talk about russia. to do that, let's bring in somebody very special. laura ingraham is with us right now. hey, laura. >> good morning. >> should we just start speaking in russian today? i'm glad i didn't lose all my russian. i'm glad i still have it. >> yeah. first off, there is some news. we saw that potato houston a press conference to -- putin had a press conference on why he invaded another nation. he said he had no choice. there was an unauthorized coup that took place in the ukraine and he had to help save the russian-speaking people. >> yeah. we all have to remember that this part of ukraine, this is historically for the russian
as this happened for long-time unemployed. >> the earned income tax credit, which is an income boost for low income americans, who are working, it has bipartisan support in congress. very solid support. but, various audits that we have seen, especially one from the internal revenue service which administers it has it losing between 110 and $130 billion over the next 10 years. everybody at every level of government has tried to stop this sending out money to unqualified people. president obama signed an executive order trying to stop it hasn't worked. >> all right. a billion dollars. people are so used to throwing that number around. that is 1 billion. that's a lot of money. a thousand million. 35 billion. incredible. $35 billion. i hate to use the word delusional, but why in the world is leader pelosi saying the cupboard is bare? perfect place to cut, rick? >> here is the thing waste, fraud and abuse, politicians from the beginning of time and end of time will wail against waste fraud and abuse. it takes money to cover that money. we will never be rid of it entirely. speaker pelosi's point is when
and the cokes are unlikely to see their tax exempt political reined in or the financial clout of their 501 c independent expenditure groups. there, america, is your scandal. that's all for now. see you back here tomorrow. the ed show it up next. >>> good evening americans and welcome to the ed show live from new york. let's get to work. >>> will business owners be allowed to deny services based on their religious beliefs. >> a controversial measure. >> i don't have to make a decision until next friday. i've got plenty of time. >> there's no discrimination against no one. in the contrary of straight news against discrimination. >> i thought i had seen every crazy thing in the world that could happen in the state legislature. but this really beats them all. >> it opens the door for discrimination in a huge, broad spectrum. >> i've got plenty of time. >> if i go against religious beliefs, what about me is going to tell you that? >> the outcry against the bill has nothing to do with the actual merits of the bill. >> three senators have flipped their vote. >> i've got plenty of time. >> mounting
. so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com this is the first power plant in the country to combine solar and natural gas at the same location. during the day, we generate as much electricity as we can using solar. at night and when it's cloudy, we use more natural gas. this ensures we can produce clean electricity whenever our customers need it. ♪ >>> well, today's primary day down in texas, where republican senator john cornyn is facing a rather anemic tea party challenge from steve stockman. stockman got into the race in december to much ballyhoo. but since then he has been almost not seen. stockman comfortably sits in the fringes to the fringe right, of course. and to prove it, he says he is considering impeaching president obama. why not? even drew up
taxes and has not paid them in ten years and he said in addition to that mitt romney has probably committed other felonies. as it turns out mitt romney paid millions of dollars in taxes and harry reid pretended he had not smeared him. yet he had done just that. there are a number of right-minded americans who are wondering mr. reid, what are you talking about? and you do sincerely owe an apology to these people you smeared unjustly. >> 11 minutes after the top of the hour. >> you might not recognize his face yet but our next guest says he could be the next bin laden. >> millions of dollars in campaign donations coming from planned parenthood, so who is it specifically going to go to and why? we're going to explain that as "fox & friends" rolls on live from new york city, where it's 9 degrees right now, folks. ♪ ♪ go long, look lean, in this season's most important fashion trend, the long shirt. designed to flatter, with playful hemlines and length for everybody. the new long shirt. visit the shirt boutique, only at chico's and chicos.com. help keep teeth clean and breath fresh
they were worried that healthcare reform wouldn't work. the details straight ahead. >> and then it's tax time. we have got the top secrets to help you avoid an audit including how to make surety irs does are consider your small business a hobby. >> a hobby? >> a hobby. ♪ [ alarm sound for malfunctioning printer ] [ le announcer ] you've reached the age where you've learned a thing or two. [ metal cnks ] ♪ this is the age of knowing what you're made of. so why let erectile dysfunction get in your way? [ gears whirri ] talko your doctor abt viagra. 20 million men already have. ask your doctor if your hea is healthy enough for sex. dnot take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effectinclude headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medil help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience sudden decrease or loss in vision or hearing. [ cellphone beeps ] this is the age of taking action. viagra. talk to you
just on the price of the ticket excluding taxes. already this year cheating medallion status with perks like early boarding is calculated based on the price of the ticket and mileage flown. in 2015 the status will be determined by how many miles you earn. even for road warrior like george clooney's character in "up in the air," flying coach will mean fewer miles. if you buy a $950 coach ticket from new york to san francisco today, diamond status earns you about 11,600 miles. next year, it would only be about 10 stsht,400. but step up to a 3,000 business class ticket, and next year that same flight will earn you 33,000 miles. delta is aiming to make it pay for the business class flyer to buy up. delta's stock, well, trading at an all-time high today. seems some folks think this could pay off handsomely. >> and as you said, rivals will keep an eye on this as well. see if it sticks. >> we want to see what it means for delta's stock. let's bring it down with ben and joe. it is great to see you both. joe, you know the numbers here for the stock. what happens now? >> yeah, we actually think t
with a checkered history and it is a $360 million and they say, $230 million, but $360 million pre-tax the. okay. >> and you think it is important because you look at $360 million pretax fraud resulting in a $235 million after-tax writedown and it gets complex. >> it is complex. >> but related to transactions between penmax and vanimax who is a big subsidiary? >> yes, because i felt that citi is the emerging market bank, and this is the jewel of the crown, and this is a company troubled for a long time. there was a corruption investigation started february 14th, and citi does allude to that, but when you are the emerging market bank, what you want is 6% to 7% growth routine and you don't want corruption, and this is a throwback and this is a oceanographica, and it is not a company you want to be affiliated with and they can sell assets, but it is a black mark, and the stocks started trading down when the investigation began and all of the financials are weak, but this is disappointing. >> but time again we have a company admit to or accused of having trouble doing business in this specific part
. well, why? >> well, when the house ways and means chairman dave camp introducing a sweeping tax reform bill that he's worked on for a year and his own speaker says, blah, blah, blah, clearly he's not going to come to the floor. but again, washington paralyzed? >> absolutely, the fact that dave camp introduced this, introduced this bill and -- >> what's the second day story? what's the third day story? >> tax reform is different than immigration. immigration is something conceptually that you're either for or against it. tax reform, it's harder to discuss for five, six, seven days. in the more mainstream publications. and i think as far as what dave camp introduced, you're going to see pieces of it continuing to be discussed. >> okay. >> but, yeah, it's not as exciting as immigration reform. in a lot of ways. >> is it the role of reporters, not xhen tate eors to assign bl? blame president obama for the fact that nothing is getting done and -- >> you're saying should reporters be assigning blame? >> yeah. >> but there's blame to go around. i think the voters are the ultimate arbitrators
.5 million, that's how many would get a tax break, expanding the earned income tax credit for low-income americans who don't have kids and help more families pay for child care. the president would kill two loopholes, for capital gains, the other known as the newt gingrich loophole, which allows people to treat income like corporate profits. on this budget, the big number, as in how much money the government is going to spend over the next two years, that's been agreed to. this is an argument over how to spend that money. >>> next up, 8, as in the gang of eight senators who are getting an award from the largest hispanic civil rights group. it's recognizing immigration reform. the house hasn't budged on the issue. will the group of eight all show up together and accept the award? that's interesting. 60-second ad going after house republicans, by the way, for failing to bring the bill to the floor. showing you a little highlight there. deep freeze, 90.5%, that's how much of all of the great lakes are covered in ice. noaa released this map, showing the vast cold cover. that's the mos
-barrel shotgun. boom! how they can justify raising taxes on the middle class has been buried the last four years. mom lived in long island for ten years or so. god rest her soul. and although -- wait, your mom's still alive. it is your dad passed. chuck graham, state senator is here. stand up, chuck. god love you. what am i talking about. you cannot go to a 7-eleven or a dunk hyun -- or a dunkin' donuts unless you have a slight indian access. i'm not joking. thank you, dr. pepper. >> those are some of the types of things you'll see in his ads if he runs for president in 2016. >> he laughs about his mistakes. can't we all dohat once in a while, brian. >> he has career advice for women. >> this is about freedom. how many of you are single women with children in a dead-end job? you're there because of your health insurance. you would rather have the opportunity to spend the next couple years with your child until they get -- if that was your choice -- until they get into primary school. you're now trapped in that job because if you leave, you lose your health insurance. now you'll be able to do, ma
ways and means committee released his proposal to reform the nation's tax code. republican congressman dave camp's plan would be the first to complete overhaul since 1986. it tackles almost every aspect of the tax code. the seven individual brackets would be reduced to two and the top individual in corps rate would be cut to 25%. now it also calls for a 10% surtax on incomes above $450,000. the plan got far from a ringing endorse. . senate leaders called it dead on arrival and john boehner wouldn't commit to supporting it. he says it is the start of a needed conversation. >>> all right, we turn our attention now to business news. small gains we watched yesterday after the up and down trading session as cross the market. in the u.s. today, investors are closely watching fed chair janet yellen. cnbc's steve sedgwick is live with that. what do we expect from chair yellen? >> we have a taste of what to expect on the 11th of february in the first part of her semiannual testimony on capitol hill. this time she's going before the senate at 10:00 a.m. local time in the u.s. there. what is inte
tax dollars, they're accountable to us. for all those people who felt in their gut something was wrong and who are told, you have to get over it, the system played out, move on, i wanted to say, your gut is right. here's why, from the point of view of facts of the evidence. >> lisa bloom, i enjoyed covering that trial with you. you were insightful if nothing else. i've started the book. it's a good read. thank you for stopping by. >> i appreciate that. >> be well. >>> my next guest was elected to public office at 22. now he hopes to make more history. perhaps becoming south carolina's first african-american statewide office holder since 1872. yes, 1872. he's also vice chairman of the south carolina democratic party. good to see you, sir. >> thank you for having me this saturday afternoon, craig. >> it's a steep climb for democrats in south carolina. what's different this time? >> well, for me, it's about another step in the journey. my parents always told me as i was growing up i could be anything in the world, just be a change agent. since the agent of 21, 22, when i won my first elec
-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com i tr ied depend last weekend. it really made the difference between a morning around the house and getting a little exercise. unlike the bargain brand, depend gives you new fit-flex®, our best protection. it's a smooth and comfortable fit with more lycra strands. get your free sample at depend.com. ameriprise asked people a simple question: can you keep your lifestyle in retirement? i don't want to think about the alternative. i don't even know how to answer that. i mean, no one knows how long their money is going to last. i try not to worry, but you worry. what happens when your paychecks stop? because everyone has retirement questions. ameriprise created the exclusive confident retirement approach. to get the real answers you need. start building your confident retirement t
because it takesed a advantage of certain parts of the tax code. kf private equity survive especially if there is significant reform coming out of washington? >> i think in general private equity gets a bad wrap. i have been on both sides. if you go back and look at the numbers and the jobs and the companies that private equity had saved, it is significant, kelly, and i don't think private equity gets the benefit of saving company, saving jobs, anç returning them to prosperity so that they can either ipo or they become an important part of a strategic acquisition. >> because all the same people will say that's great that you're helping to make, you know, these companies more efficient, perhaps help them innovate in some cases. why is it that the gains that you make in a compensation model that is the envy of most industries, why is it that you should be able to get a lower tack rate on those gain that is you don't have to pay the income tax rates that most of the people would? >> my point of view on that is most of the senior private equity guys i talk to, you know, if the laws were
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